Clean Power Capital (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has provided an update regarding innovative engineering solutions being employed by PowerTap, one of the companies in which MOTNF is invested. PowerTap is implementing these solutions with a focus on reducing the cost of hydrogen production with its Gen3 unit. PowerTap is looking at reducing production costs in two general areas: input costs and maintenance/downtime of its Gen3. The company is relying on innovative technology and engineering methods in order to accomplish this. As far as input cost reduction, the company is evaluating three main areas that contribute to those costs — electricity, renewable natural gas and water. In terms of reducing maintenance costs and downtime, PowerTap has implemented several design innovations, including the incorporation of electrochemical compression versus asymmetrical compressors and the incorporation of a reactor tube design and catalyst composition that extends the life of the tubes. The company has also made design improvements that reduce the reactor internal temperatures and implemented a double redundancy design aimed at reducing downtime due to maintenance or system failure. “PowerTap’s center focus is to design an on-site hydrogen production and fueling system that drives the cost of hydrogen used for consumer and commercial transportation down to the gallon-of-gasoline equivalent,” said PowerTap COO Kelley Owen in the press release. “This is a critical goal to obtain large-scale adoption of hydrogen by commercial carriers and the public.”
To view the full press release, visit https://ibn.fm/93IfY
About Clean Power Capital Corp.
Clean Power is an investment company that specializes in investing in private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high-return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in its investments. For more information about the company, please visit www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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